The Negotiable Instruments Act, 1881 | |
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Imperial Legislative Council | |
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Citation | Act No. 26 of 1881 |
Territorial extent | British India (1881-1947) India (1947-present) |
Enacted by | Imperial Legislative Council |
Enacted | 9 December 1881 |
Commenced | 1 March 1882 |
Codification | |
Code sections created | 148 |
Committee report | Third Law Commission |
Status: In force (amended) |
Negotiable Instruments Act, 1881 is an act in India dating from the British colonial rule, that is still in force with significant amendments recently. It deals with the law governing the usage of negotiable instruments in India. The word "negotiable" means transferable and an "instrument" is a document giving legal effect by the virtue of the law